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tv   MONEY With Melissa Francis  FOX Business  April 30, 2013 5:00pm-6:01pm EDT

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subways. and we have the milwaukee brewers principal owner. he is co-founder of crescent partners. and much more. we'll see you then. david: "money" with melissa francis is next. melissa: i'm melissa francis and here's "who made money today". warren buffett, berkshire hathaway owns a significant slice of mastercard. mastercard stock hit a record high today, climbing nearly 2%. buffett owns 405,000 shares of the company. that means he netted a one-day gain of $4.2 million. not bad. getting money today, apple. it sold $17 billion worth of bond. it's the largest non-bank bond deal in history. apple is planning to give $100 billion back to shareholders by the end of 2015. the bond sale will help finance it. those shareholders are not complaining today. the record bond sale helped apple's stock climb 3% the. also making money,
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richard schulze. he is founder of best buy. best buy sold off its business interests in europe. shares soared 7%. the schultz owns a 20% stake in the company. that means he score ad gain of $125.5 million today. what. even when they say it's not, it is always about money. melissa: all right our top story tonight, talk about some serious economic mood swings? some big data points coming in today. consumer sentiment index shot up in april. home prices soared to the highest level in seven years but at the same time the chicago pmi, which is a key indicator of business activity, fell to contraction levels for the first time in more than three years. so what can you believe? our "money" power panel is here to break it down.
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peter schiff. matthew tuttle, of tuttle wealth management. and joe nas max ferris. founder of the maxfunds.com. peter start with you, that consumer sentiment very positive. does it make you feel good? >> well, sometimes confidence is not a good thing. if you're skating on thin ice but you're confident that it is thick you can get into a lot of trouble. i think rising home prices are creating a false impression that things are getting better but actually rising home prices is more of the problem. i think pmi was more indicative of what is really going on. in fact i think the real economic situation is lot worse than even the pmi would suggest. melissa: peter, i feel like i knew you were going to say that. matthew, do you think the rising home prices are a sign of something bad as opposed to something good? >> no. i look at it as a sign of something good. i mean the consumer number, the home price number, they all came with some yeah buts, but things are still going in the right direction and, i think we've now got an
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economy that is not too hot, not too cold. which means the fed is probably going to keep their foot on the gas which is going to be good tore stocks. melissa: jonas, isn't that the secret right now? that sort of goldilocks type situation where we want it not too hot because you don't want the fed to get out of the game but not too cold obviously because that is not good. >> hard to describe a goldilocks situation. economy is not best of any world. >> you will not help me out at all? >> that is the biggest scare they stop subsidizing money and giving it away. the economy is not strong enough to stop it. so little inflation deflation is a fear. that is horrible thing. i think the home price thing is important, if that price wasn't going up with rates we have now, basically we would be disguising a depression. since we're not because they are going up with these rates, which is good, people are buying homes. >> buying homes they can't afford. with money that, jonas that is the problem. it is the only reason that real estate prices are
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rising because people are taking advantage of low rates. there is a lot of speculators now buying. there's a lot of private equity money that is trying to flip single family homes. this is how we got into trouble. eventually rates will go up. look at dollar index today. hit a ten-week low. that dollar starts to come under pressure that will put pressure on the fed. melissa: if you look at people in there in the house being market it is still very difficult to get a loan unless you put a significant amount down. >> no, it is not. melissa: yeah, it is. >> it is not. >> get fha loan, getting 3% that is the small part of the market. >> time to buy as investor in real estate. all bids are getting it bo by all-cash buyers. this is not mortgage fueled debt laden market. >> all cash buyers are borrowing money. equity funds. believe me they're levered up too. it is behind the scenes. melissa: but that is -- >> they're getting cheap money from the fed. >> you're acting like they're buying overvalued asset up 300% in last three
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years mike miami vagues gachlt these homes are still down. when you adjust interest rates they're down 50% nationally. it is cheaper than renting in many cases. if you factor in any kind of inflation which i think you are -- >> interest rates go up it's a whole new ballgame. we still have a lot of people. melissa: i think we have room to go before that happens. >> with inflation. melissa: hang on guys. we have to go one at a time. i love the argument but let me let matthew back in there for a second. what do you think of this dispute? which side do you come down on? >> i come down on the side, in the future who knows what's going to happen with this but for right now this is good. for right now the consumer is making money on their house. the consumer has got confidence. they're making money on their 401(k). and it argues that we should be buying stocks but you've got to being tactical. >> like 2004. like 2005. all over again. isn't that great. setting yourself up for bigger disaster. >> as long as you're tactical you should be fine.
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melissa: peter, let me ask you, private equity is coming back into the market with all cash in order to buy homes. in a lot of cases they're buying them to rent them out. what is wrong with that? isn't that a traditional bottom in the market? that is classic arbitrage play. they see opportunity. >> no, i don't know it is bottom. they may think they're buying bottom. but i think they're catching a falling knife in the real estate market. they're borrowing money. they have cheap financing. trying to rent out single family homes. i was renting single-family home for years during the housing bubble myself. what will happen when their costs go up. when interest rates go ups they're not going to be able to unload these properties. melissa: okay. >> i think maybe what private equity will do, if at the do it quickly enough package them into some kind of a reit and take it public and find somebody to buy it if they can bring it public on the stock exchange. that is the only way they will get out of this stuff with money. melissa: peter, peter, peter, peter, hang on, let someone else talk. >> they will not be a able
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to stop. melissa: have to close his mic. let me ask you, it is predicated on interest rates going back up. i don't see that happening anytime soon. >> it is not happening soon. if it happened, it will only happen because of inflation, right? which would inflate rents and home prices. that is why they're doing it to hedge investments. homeownership rates are --. melissa: hang on. let him finish. i total. >> i totally believe in bubbles when everyone is enthusiastic and homeownership at 1995 levels, it has fallen several percent there is not boom by consumers borrowing money at ninja loans. that is cash investor. that is not a bubble. melissa: that is it, for everybody, and it was spirited. it is over, thank you. what a joint decision you can still get fired for smoking marijuana in colorado even though it is legal. dish network employee brandon coats was fired after he tested positive for the drug despite having a
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medical marijuana license. coats is suing dish. that is a shocker. state court says dish has the right to fire him since pot is still illegal under federal law. i don't know about you guys but i saw this one coming. didn't you? we have the attorney representing mr. coats. an employment lawyer. michael, michael, let me start with you, if it is against federal law why do you think you have a case here? >> colorado has a very unique statutory regime as well as constitutional amendments. you can't really compare us to california or washington. we have a very specific state statute that says if you're complying with state law, after hours and off company property, that you can't be terminated for that. not a lot of states have that. melissa: seth, what is the response to that? >> well, that's not the entire context of what the statute says. i think you have to look at this case under the lens of both state and federal law. under state law, the statute provides for use of medical
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marijuana. however, there is nothing in the language that provides a cloak of immunity that can force a company to throw its policy in the garbage for zero tolerance for drug use. i know it is indelicate decision. that is the state law. under federal law there is no reasonable accommodation component under americans with disabilities act, in order to be reasonable it has to comply with federal law and medical marijuana is inconsistent with federal law. it is tough decision and heart goes out to the plaintiff but i think the court got it right here. melissa: michael, how do you respond to that? >> i think it's a tough question. one. questions you throw to a law student to torture them on a bar exam. melissa: you're absolutely right. >> it has preemption. it has 10th amendment issues. it has interstate commerce clause issues. but when the state legislature, the colorado state legislature sat down and made this law, they weren't thinking well, gee, how can we enforce federal law? when a court of appeals, a
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very intelligent court of appeals has to go to the dictionary to define a word lawful in court of appeals published opinion you know you're in trouble because there should be other case law. melissa: seth, this is what i don't get. if i amount employer and don't want somebody who is works for me and interfacing with customers, a i don't want them stoned, not in this case but particularly in colorado? >> you protect yourself, having reasonable lawful initnal policies and procedures that don't violate a state or federal statute. in this instance the colorado statute says you can't be terminated for something that is lawful. however it has to be lawful, not slightly lawful. the problem really at end of the day they went back to federal law and violation of federal statutes. in the end of the day in free market system companies have the right to implement this and legislators have the final say here, not the judges. so that is my view of it. melissa: michael, does it make a difference if somebody is using marijuana
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for medical use or recreational use in colorado? case absolutely highlights that point because we have both now in colorado, and you have, if you're going to further this issue, you would have to err on the side of medical use because that has the, all of the things that you would want to see in terms of if you're going to justify this, why should we justify this? for medical use and brandon coats has said, repeatedly he is never going to change. he will be look this the rest of the his life and he doesn't want to be unemployed the rest of his life. we're not advocating an unreasonable approach for employers. we would take a more tempered approach that says, look, what about the non-hazardous occupations, non-hazardous occupations? he was sitting at a desk pushing a button on a phone. he can't harm himself or anyone else. melissa: that leads to if you're interacting with customers, that impairs the way you're behaving. >> right. melissa: there are so many
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questions out there. this is one we will follow and gentlemen thanks for coming on. >> thank you. >> thank you. melissa: here is our "money" question the day, should employers in colorado be able to fire workers who test marijuana in a drug test even though pot is legal in colorado? we want to hear from you. like us on facebook.co facebook.com/melissafrancisfox or follow me on twitter @melissaafrancis. u.s. oil exports leap to the highest level in 13 years fueled by the u.s. shale revolution but will it prove a boon to consumers wallets? a top expert says you can bet on it. he will explain why are coming up next. online gambling in the u.s. returns from exile relaunching in nevada today. how are the biggest casino companies planning to cash in? tilman fertitta, landry ceo and owner of the golden nugget franchise will joins us with his gameplan. he is always fun. more "money" coming up. ♪ we went out and asked people a simple question:
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melissa: u.s. oil bomb boom is roaring. u.s. crude output surpassed
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imports for the first time since 199. this caught many by surprise as it happened ten months earlier than the government expected. from all the great news, comes one critical question, when will this actually benefit drivers and consumers? joining me is oscar carbone any omni trading academy president and chief o i will analyst. welcome back to the show, oscar. why do you think this happened ten months ahead of schedule? >> this is technology driven. technology is better and better for fracking and pulling oil out of wells as we did the old-fashioned way. the really fracking is putting us ahead of all the other countries who are trying to become exporters with oil. you're right with statistics. round of applause for the united states because we're now exporter of oil. something we've been praying for years, right? we are now basically exporting a little bit more oil than we're importing. you know, it is not going to stop. if you look at some other
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things we have going on, just last year a small company known as u.s. oil and gas which is actually a irish company, found in my home state of nevada, a huge, huge, sea of sweet crude oil which is larger than they have in saudi arabia. i mean, that is enormous. you put that on top of the other finds we've had and way fracking is working, and this country for the next 50 years will probably be supplying the world in cheap oil and cheap natural gas. melissa: let's slow down and talk about where this oil is going. it is, exporting that we've been doing was going to canada. what do we get in return for that? because people out there are waying wait a second, once again american oil countries getting rich somewhere else but i don't know i the consumer is benefiting from lower prices. what happens when we send this oil to canada? >> well, what is happening our refineries here in the united states are basically geared for sweet crude oil. in canada, because they're there to treat the shale oil,
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that is sour crude. we send our crude straight up to canada because refineries can handle refining it and bringing it down to gasoline which is what we need in country at much cheaper price even if we move around the coasts of our country in ships to get it to texas and other ports where refineries are at. it actually makes sense for us to send it up to canada where they then take the gas, put it through refineries, take the oil, turn it into gas and send it back out. so until we tweak our refineries, it makes sense actually to shoot it up to canada where they can turn it into something usable for us. it is working really well, this combination. melissa: it has. prices at pump are falling. do you think they will go down further as a result of this. >> sure, absolutely. we have the pony express pipeline will send crude oil across this country. we have four major pipelines coming on line next two years that will be bringing 700 to a million barrels per
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day of crude around it country. so the quicker we move it around the country and cheaper we process it, the faster it drops in open market and for us at gas stations. now, i do actually have some projections on when and where --. melissa: lay them on me. let me have it. >> for perspective, in 1998, crude was only $9.91 a barrel. in 2001, crude was $14.59 a barrel. you move us out to 2009, crude was only $35 a barrel, just in 2009. so that tells us at the rate we're moving, we should have crude oil back down under $40 a barrel by mid 2015. melissa: oh, i don't know about that. you had me until you said 40. i've been covering crude for a long time. so you skipped a few blips along the way where we saw it spike out of the control. that didn't go unnoticed but what makes you think it will go under 40 by mid 2015? i would love it if you're
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right but as a result of fracking boom it will go that much lower, less than half? >> absolutely. melissa: wow. >> we have so much of it around. before we were fracking and before we knew how much oil we had only few years ago it was $35 a barrel. melissa: yeah. >> so we can easily get it back down there especially in the united states where we have so much of it and we have infrastructure. melissa: oscar, we've got to go. all this is argument for the keystone xl. is all about moving it around, making it fungible. keeping prices lower. we appreciate your time. >> thank you. melissa: online gambling makes it long-awaited return to the u.s. today. you can practically hear the gaming industry popping champagne bottles. how will casinos cash in on a booming opportunity? we have the ceo of landry's, the owner of the golden nugget casino franchise and a very fun guy. he joins us next. do you ever have too much money? i seriously doubt it. ♪ this is america.
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♪ . melissa: online gambling officially begins its comb back in the u.s. today, ultimate poker.com is open for business in nevada. online gambling revival dealing a wave of challenges an opportunities to the casino industry. my next guest has a lot riding on the outcome. tilman fertitta the ceo of landry's and owner of the golden nugget casino franchise. he joins me from the milken institute conference in california. it sounds like you're in the middle of a casino there. it is so loud behind you. thanks for coming on. >> hey, melissa, how are you doing? melissa: good. are the casinos in nevada empty today because everybody went online and
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they're gambling? >> i tell you that wouldn't be good for any of us. it is an interesting concept. vegas is more of a test run for everybody. nevada doesn't have the population. also casinos are so close to everybody when you look at the population. so you really not going to make any money out of it in nevada but let's a lot of kinks get worked out. when it happens in new jersey with the heavy population it could really mean some dollars to people. melissa: that is a really interesting point because you have to be in nevada in order to be able to game online there. that is the point that you're making. does it have to be that you can gamble across state lines in order for this to really work? >> absolutely. especially, you know you've got to have states that can do it where there's a lot of population. that is why new jersey needs it more than anybody and regulators there are doing everything they can right now. but what we don't want to happen, everybody to sit at home and still not go in the casino.
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it will be only be regulated state by state. most likely only states where there are already is gaming. melissa: what do you think is the danger of that? do you think there is large percentage of people that would just gamble from home? >> you know, it is scary, melissa, because that could happen. what are we doing if everybody doesn't come to the casino where they can also spend the ancillary dollar and only do it from at home? is it going to be an increase for us? absolutely. just because of the convenes. but i, i never expect things to always turn out as good as we always think they are. melissa: yeah. no, that is a great point. let me turn you a little bit, because so much of the rest of your business catches the consumer, whether it is all the restaurants, all the dining. consumer sentiment jumped in april, 68.1%. that compares to march which was 61.9. are you feeling that in your restaurants? are you seeing people come in and spend more money? do they feel better?
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>> the consumer definitely feels better today. you know after january and february and the sequester where we threatened everybody and everybody thought the world was coming to an end and you really did and i hate to ever use weather as an excuse but the weather in january and february up north, was horrible. and then at the same time when everybody lost their $50 out of, you know, a week, $2400 a year, that is $100 every paycheck, every two weeks. the country is resilient. people are out spending money again. and i think we'll lead into a great summer now with the consumer. melissa: another strong point we have in ttat favor is the housing data we got out today, showing prices going up. i know that has been one of the things that has had big buzz at the conference you're at right now, the recovery in housing. do you believe it's real? are people there really talking about it? >> you know, i can tell you, melissa, it is so real. and, in the south right now, if you put a decent house on
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the market, there is a contract written on it within a couple weeks. if it is a good property. and it is almost like the old days where people are even bidding over the asking price just to buy the house. and being out in california, you're seeing a tremendous amount of strength. in vegas, which was the worst market in the country you're starting to see a lot of strength. it is nothing like it was in '06 but we're definitely on the rebound back. melissa: do you feel like that's real? at the beginning of the show we're talking to peter schiff. he was saying he felt like the housing data wasn't necessarily positive for a couple reasons, that it was going to evaporate rate when interest rates went up. we were creating another bubble and a lot of people coming in to buy housing were private equity funds buying with all cash and maybe they weren't serious buyers. maybe they were people buying with a lot of leverage. do you think there is any truth to any of that? >> i hate to disagree with such a smart guy but i do disagree. i think that's what was
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happening a year ago but now it is the real consumer. with all the new regulations, that the government has put in, with appraisals and down payments you can not buy a house unless you qualify for it. and, that's what makes it a real market. i totally agree what he said a year ago. i totally disagree today. melissa: you have thousands of employees around the country and in fact around the world. are you adding employees right now? are you confident enough to expand your businesses? >> we have been growing because we're a consumer business and coming out of '06, for the last four years. and, absolutely. i think you will never see unemployment like i've said totally fall until you get rid of some of this stimulus of unemployment where people aren't even looking for a job but the economy is definitely improving. i think we'll look up in the housing boom, oil is going to stay at a decent price and we'll all have a great summer. >> i'm glad to hear it. tillman, thanks for coming on the show.
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we always love having. >> thanks, melissa. melissa: jason collins sets fire to the sports world after announcing he is gay. will a mountain of endorsement deals from nike and other companies see a slam dunk? two top experts weigh in. that is coming up next. how one of china's hottest carmakers is planting his flag in a pile of u.s. subsidies. warren buffett of all people may be licking his chops on this deal. we'll explain why. more "money" coming up. don't go away. ♪ . @
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melissa: we have breaking news right now. ceo melissa meyer in a 2012 compensation. let's get to adam shapiro. >> reporter: you remember the controversy when she told everyone he was working, come back to the office. well, she has been paid for 2012. $36 million. this is according to recent sec filing. in addition to that the young board has agreed to make things a little bit easier. they can now take a weeks of paid parental leave. the mothers to take an additional eight weeks.
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baby clothes. so trying says smooth things out with their employees. and with the compensation you can do a lot of smoothing. melissa: thank you so much. >> reporter: you got it. melissa: the multibillion-dollar market of sports endorsement might be getting bigger. nba center making history this week. he has come out of the first major health professional athlete to be openly gay. seeing big dollar signs. might have been the first athletes to come out peaceably will bill last. so how does this change the endorsement? the entire professional -- joining me now, the daily national. executive creative director. thank you to both of you for joining us. let me start with you because we're setting a place in history and talking about the money of it because that is what this show is about. when i heard this, the struck me as a clever move from a financial perspective.
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it focuses attention on him. will he make money? >> he will definitely make money , and he could extend his career. we are talking about the nba veteran who if you ask the casual fan or even someone who watches basketball, you have to go to figure out what he was. melissa: and that is what happened. most people remember him because he had a twin brother, somewhat of an illustrious career as stanford, but not a player at the casual fan would know, so now we're looking at a situation where a 12-year veteran might be able to get to a big market team, new yorker brooklyn. melissa: at the end of the day isn't that what it's about? >> it is. he has the extra advantage of what he is known for. guard worker, a teammate. that won't change. a great background, bin with
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eight teams in 12 years, but they want him. they want that type of hard-working player. this may bring on his career. melissa: he had all that before. is even more valuable now? >> of course he is. in the nba, it will be all that profit. he was on the cover of sports illustrated. melissa: verdugo as far as to say that this was gutted? was the timing -- a free agent? >> i would nothing to the speculative. this is something that he has to wrestle with. he would be content of it is not play in the nba.
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melissa: that tells you what he is on the court. off the court yesterday extremely valuable. i would think at this point. is america at a place where somebody like nike jumps on board because he is somebody who is breaking new ground? or are we not as progressive as we think we are? what is the truth? >> that is a great question, melissa. we are at an amazing point in history, watching history unfold. five years ago he could not have done this. the tools were not ready in the country was not ready. five years from now nobody will care. but right now it's pivotal. this is a road to damascus momentum and he will be the guy who did it. no one else can be the first player in the major to come out while they're playing. he is it. it was a brilliant move. i also agree that it was not calculated because it could have done more.
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melissa: a half-the question. my job to be skeptical. i have to throw out there. do you think this is thh moment in time to do it? i mean, is america far enough along to really embrace this? even camino commander were in the country. >> look at the reception it has already gotten, professionals, celebrity athletes, even in a general public. certainly there has been some backlash and social media circles. this is going to be a good test subjects, but not the best because he is not a star player. he does not have to go up there, is that or go up there to shoot a free throw or something like that and be cheered by millions of people like kobe bryant. we're talking about a guy who will sit at the end of the bins, even if he does play. melissa: thank you. i have a little something. i don't know if we can see it. we had a bed a little while ago, some state ganges we were betting on harvard and the n.c.a.a. tournament. they did win. >> i lost the bet.
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melissa: you were supposed to send me know, stay, and seas. always my favorite. bad news for you. i don't know if you can see this green, but the bomb sniffing dogs here at fox ripped to shreds. all of it. i'm so sorry. it's a tragedy. look at it. he sent us such great stuff overnight and a dog destroyed it. so actually i'm not sure that accounts. you know what can everyone out there, tweet me. does it count? to pay off his dead or did are dumped -- dog sniffing bonds rated? >> now i have said to of the pizza delivery guy. a cavity search. how will i send you more? melissa: i don't know. maybe we have to meet up in boston. thanks for coming on. we appreciate it. i don't think i'll eat that. no offense. anyway, one of china's hottest car makers zooms in the california. it already has the best new friend. uncle sam.
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details on the role -- road paved with gold and subsidies. that's coming up next. the end of the day is all about a stake in cs sandwich. ♪ sites
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♪ -elissa: so, nothing sells like a government subsidy, an uncle sam is ready to dole them out to one of china's hottest of manufacturers, setting up shop in california, opening a new electric assembly plant tomorrow. it is getting one heck of a helping hand from the u.s. federal government to sell a product, and it could mean big trouble for california. a chinese expert joins me now with more. always a pleasure to have you on the show. explain the agreement to me. >> well, what is happening, a very troubling chinese car company is going to set up this manufacturing facility in lancaster which purpose is to build ten buses for long beach at a price of $12 million. melissa: how many? >> $1,200,000 per bus. even if you throw in the spare
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parts this is incredibly stupid. the other thing, they will really import the critical components from china. they will be made in the u.s. all we're going to have his final assembly in california because they want to get federal subsidies which cost half the cost of the buses. so really what we're doing is bailing out a very, very difficult situation in china. melissa: and having them built here in the u.s. as opposed the china hyoscine will cost even more. >> these buses will cost at least 15 percent more because they are manufactured. this is a political deal that jerry brown arranged. the state subsidies involved mean that be why the was able to increase the cost of these buses. so because of the subsidies, these buses have just gone to the roof. melissa: what did this happen? why did they have a chinese company doing it? if you're going to overpay for a
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bus, which they seem hellbent determined to do, why would you just do it with the u.s. manufacturer? >> and the better question is also these buses from the white the have not had federal certification get. long beach is buying buses that may well not be able to be sold in the u.s. a lot of questions. melissa: the spokesman for long beach transit said the reason why he bought these buses in particular is that they made the most sense. he said they come with a battery that only has to be charged once per day. >> and that is an important advantage, to the was happened here, jerry brown when he went to china -- melissa: now we know why you went to china. he was working on this deal. >> she went there. he said in their buses. this has all the hallmarks of something that was arranged in sacramento, not an economic deal melissa: out as buffett involved he is an investor. he is benefiting from this government subsidy as well.
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he is in washington lobbying the government, and now he is getting taxpayer dollars. >> allow taxpayer dollars because the brookshire have the way he owns almost 10%. so he is getting a bailout. so 700 electric buses last year. a country of almost one half billion people they can't sell these vehicles. they seldom in california. melissa: the other thing that drives me nuts about this story is there are a lot of natural gas powered buses that are more fuel-efficient, better for the environment, a lower co2 emissions which would make more sense than trying to get a plug in bus. >> that is a critical point because, you know, the subsidies really are for uneconomic vehicles that are not that plane. there clearly just political. melissa: after look at the carbon footprint of making that battery and then also charging them the energy that is made in order to create that tragedy. coming from a coal-fired plan.
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when you look an electric current think it is good for the environment, it is necessarily. thank you for coming on the show did your last stay in prison fall short? a budget complaint. prison evaluations are coming to one of the biggest of line review sites coming up next. you can never have too much "money." ♪ i turned 65 last week.
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♪ melissa: time for a little fun with "spare change." monitor crowley and our very own adam shapiro. don't sell any of the other people. inmates are posting reviews of prisons. yes. it turns up some people think it would be helpful for bondsmen and friends and family members. in any prison -- >> of five-star present. >> clubs said. melissa: what do you think? >> i think it is outrageous. gives them something to do. >> it does give them something to do.
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that's true. >> one person rated san quentin of one star. what do you expect? if you can't do this time, don't do the crime. experience the ratings versus the actual experience. melissa: this is why this is so funny because ratings systems are usually reserved for commercial enterprises. i mean, competing for your business. who has the five-star rating verses the four star. this is really wild because you cannot tell whether it is actual inmates doing these reviews. by the way, they have access to computers. they can and do this. >> and if you're a prisoner, are you trying to get i already? maybe if you get three stars everyone is fired. a great review. >> deter people from want to be there. it. melissa: apparently.
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neau's. so a dutch organization is offering a chance to take the trouble a lifetime. seeking applications for a one-way trip to colonize the red planet. so far 20,000 people have applied. why? i need to know what about you? did you apply? u going to mars? >> no, not any time since. unless you want to join me. we could do like a girlfriend colony. melissa: oh, boy. >> it's only one way, and they have not established residences. no five-star prisons up there yet. melissa: some wondering who's trying to do my hair while i'm there. can i nominate people for a one-way ticket? and is totally different. i would pay for some individuals >> the 20,000 to have applied. they could actually take place. schedule the launch date of 2023. then it will set for new
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settlers every year. melissa: so you have to really -- >> you have to really like it because you're stuck up there with them. there is no getting away. melissa: i want to talk to the 20,000 people. but they have all been nominated by the people who make them all right. another out of this world story. a former congressman providing avram marble congressional hearing on the existence of extraterrestrials hoping to prove that aliens have contacted earth and that the government is definitely china to keep a secret. former u.s. representative caroline kilpatrick is getting paid $20,000 plus expenses -- that is the part of the story that kills me, to preside over the panel. >> we have approved. we work with extra terrestrial. melissa: you want to name names? >> this is private enterprise.
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it is a mock congressional, not an actual congressional hearing that we're paying for, but i worked for richard nixon and a berth in the the time said, well, you're going to ask him, right. i said to master what. well, the roswell crash in area 51 because the american presidents all know. and did not. melissa: that whole story. now i'm really embarrassed. >> the new book. melissa: absolutely. all right. well, one more. see you guys ever try your luck at carnival games? $600. almost my entire life savings trying to win the next box connects by tossing a ball of the tub. clearly it was not in all the has to show for is a bunch of bananas. was this money well spent? these teams are rate. their carnival games. >> ticket have gone and bought the thing.
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it does not cost. melissa: at some point. melissa, it had bought it? >> this is the addiction of gambling. he said he could not stop. melissa: that is all the "money" we have for you today periods of for it to tennant tomorrow. exclusive interview. don't miss it. gerri: hello, everybody. [laughter] confusion over obamacare. >> they will comply. gerri: is it working? home prices and higher. but for how long? is the market overheating again? and a new warning over food safety. what you need to do now to protect yourself. "the willis report" is on the case. ♪ gerri: our top story tonight, obamacare

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